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20121129
20121207
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CNBC 17
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English 17
Search Results 0 to 16 of about 17 (some duplicates have been removed)
CNBC
Dec 3, 2012 6:00pm EST
they are or maybe how stupid they are and to the gop, obama's re-election clearly meant nothing at all. it's almost as if neither side realizes how many people are simply just playing for dinner here, trying to put dinner on the table. now i got to deal with this morass in washington. while i'm optimist thak if congress and the president canceled vacations, remember, no vacation without legislation and stayed to avert the cliff. i'm worried that they're sworn to not compromise. i'm worried that rising above is anathema to democrats and repugnant to the republicans as the phrase, grower, hide your ears, higher taxes. here's the bottom line. a new school which says the cliff jump won't be that bad has now entered the fray. i'm still hoping we don't go over the cliff. but i can't be sang win if we do. i think it means that the stock market will get hammered even as it might bounce back if the austerity is lifted by a dreaded, hated compromise that both sides seem to despise. i have a list of ten stocks that would be the bass-backers. you got to stay tuned for those. but it would be a bounce-back. let'
CNBC
Dec 4, 2012 12:00pm EST
about but, instead, just check out this chart. at the lowest level since president obama was re-elected. just now under that $1,700 mark. what's behind the sell-off and is this a buying opportunity? let's start talking futures now. let's start with you, you and rich have been bitten by the gold bug. are you ready to throw in the towel here? >> jackie, i'm not ready yet. usually when you see a day the dollar is as weak as it is, gold is higher. what's happening today is you're seeing a lot of profit taking on gold. it's not profit taking because we're up 9% on the year. traders are worried that some deal with the fiscal cliff will call for higher capital-gains taxes so traders are getting out of their gold positions before that might take effect. >> so profit taking, meantime, rich, what is dipping below the $1,700 mark mean? is that really the right level to be watching? >> well, we gave you the level $ $ $1,706. you're looking at $1,672. every trader will tell you it is a big level here, a close below that and there's more pain. in fact, let's watch today's close, in one hour, if we cl
CNBC
Dec 4, 2012 4:00pm EST
is not taking a day off, period, from now until year end and haven't for weeks. ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >> oh, yeah. i think it will slow down again. i think people will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that
CNBC
Nov 30, 2012 7:00pm EST
think it's in the constitution. >> yes. and although president obama this because he got re-elected has he had has a mandate to do whatever he waumpbts, he forgets that the house republicans were also re-elected to kind of hold the line on spending. so no, i don't believe that would make it through congress. >> what about this utterance by the president today? instead of blasting congress, sort of saying he's keeping a list of congressmen? is this like a nixon enemy's list? we've seen this before from president obama. >> we have. we've seen multiple versions of the quote obama's enemies list. we saw the truth team, we've seen the white house work directly with the media matters to smear certain people that they don't like. and now we're seeing president obama say he has a naughty and nice list in order to make the nice list you have to push through his $1.6 trillion tax increase. so i think there'll be a lot of democrats who are actually making the naughty list this year. >> if he had actually come out with a program that had some spending cuts and some entitlement cuts instead of all t
CNBC
Nov 30, 2012 1:00pm EST
the tea party movement is alive and well. president obama may have won this election but two years ago leaders of the tea party movement elected ron paul's son rand as kentucky senator over an establishment republican. one leader of that movement who runs a high-end audio equipment business says they could do the same thing in 2014, and this time take out mitch mcconnell if he agrees to raise taxes. >> we shall not raise taxes in this country. we do not have a revenue problem. i would like senator mcconnell to recognize that the washington leaders are like a bunch of crack addicts. they need evermore money for evermore growing government and it is at the expense of the ordinary citizen that they pursue these policies. >> reporter: but the brighter those lines are drawn, the harder it will be to get a deal. owen williams worked more than 20 years on wall street. now he runs a small college here that sits on the board of the henry clay center for statesmanship. the way to a solution, he says, is for both sides to have a voice. >> both have taken the attitude that it's my way or the highw
CNBC
Dec 5, 2012 7:00pm EST
-americans voted for president obama in this last election. what do you make of that? what does that tell you? >> well, the first thing we have to start looking at is what it's going to take for us to get the respect of both parties, and that comes down to us being a people that are principled over anything else. we have 95% of any race that would vote for a person or party, it kind of helps them to be taken for granted. at this point, what does the democratic party have to do to win our vote? actually, just be around. so it's time for us as a people to start putting our principles first. i think we should be ashamed of ourselves in certain areas, those who decided that the education is so important to them, they have a passion for it. why would you vote for a person who decides the union is much more important for them. >> in other words, school choice. i'm going to read from the notes. you tell me if i'm wrong. but this is tough stuff. you say in your notes, obama is the most aggressive anti-black policymaker in modern history. that's tough stuff. i hope i have it right. if i do, sir, what
CNBC
Dec 4, 2012 6:00am EST
election running on the idea that you were going to treat government differently. president obama claims that he won his election because he came up with this idea of saying that they were going to raise tax rates on the wealthiest 2% and keep rates where they are for the middle-class. >> i think president obama can certainly say that he has got a different outlook on what america should look like, what america's role in the world should be, and a different outlook about the economic future of america. i think he truly believes his ideas. i don't think he's right in those beliefs and those outlooks because i think the human nature is to be free. the human instinct is to be free. free from overtaxation, free from overregulation, free from overlitigation. and until we free up the entrepreneurs in this country, we are going to struggle economically as a nation. there will be pockets around the country where freedom still matters, where -- there is still a land of opportunity in america. it's called texas. >> anyway, they'll be more than -- we don't want you to secede now. how about five sta
CNBC
Dec 6, 2012 9:00am EST
at the results of the survey, 20% of americans say the message of the election was that republicans need to compromise with the president. 9% said that the message was that president obama needs to compromise and the plurality, 44% said both ought to compromise. those results aren't so surprising because president obama won the election but if you look at the number who would be to blame if we don't get a deal, you see 21% blame the president and democrats in congress, 23% blame republicans, pretty even, 52% says they blame both of them. some other surveys have shown president obama with a stronger hand. we looked democrats in congress together with the president, any time you lump congress in a question it drags down the number. finally if you look at the intense partisan split on outlooks for the economy, this is something that is relevant as we try to measure the pessimism or optimism of american voters, we see now an even split among those who say the economy will get better in the next year versus those who say it will get worse but there's a tremendous partisan split there. republi
CNBC
Dec 3, 2012 4:00am EST
and political polls also made the top ten list. john tweets says the re-election of president obama was the top story of 2012. susie was the most interesting was the facebook ip ochtd and t and the tech glitch that ensued. i'm sure we'll wrap it all up as we normally do in between christmas an new year. let's remind you where we stand ahead of the u.s. open. we had a pretty good november all told. ftse up nearly 1.5%, dax up 2%. it is monday, so it does mean eurozone finance ministers are having a meeting in brussels. and they're hearing details of the bond buy back plan from greece. grooe greek prime minister says pension funds won't take part, but the banks should benefit from the voluntary buy back thanks to a liquidity boost. under the proposed program, athens will use bailout cash to purchase around 30 billion euros of debt for a lesser price than if creditors had held bonds until maturity. and over in spain, we're seeing yields lower today. 5.2%. rajoy has warned it will achieve the deficit target agreed with the eu. he said he couldn't guarantee there would nobody further spending cuts a
CNBC
Dec 3, 2012 9:00am EST
is right or wrong, obama has just won the election on that basic pledge to raise taxes. >> wrong, wrong, wrong! you know what, that makes no sense. how many people do you know that said i'm going to vote for the president to have more debt, and in an economy that can't grow it's way out of the issues? we currently only take in about 15.5% revenues. we need to get to 2021. >> i understand that. >> it's not a tax problem, it's a growth problem. and he has no growth plan. so then they blame others, because they don't have a plan. >> but he was able to get through the election doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewa
CNBC
Nov 30, 2012 6:00am EST
obama may have won this election but would years ago, leaders of the tea party movement elected ron paul's son, rand, as kentucky senator over an establishment republican. one leader of that movement who runs a high-end audio equipment business says they could do the same thing in 2014 and this time take out mitch mcconnell if he agrees to raise taxes. >> we should not raise taxes in this country. we do not have a receive knew problem. i would like senator mcconnell to recognize that the washington leaders are like a bunch of crack addicts. they immediate ever more money forever more growing government and it is at the expense of the ordinary citizens that they pursue these policies. >> but the brighter those lines are drawn, the harder it will be to get a deal. william worked more than 20 years on wall street. now he runs a small college here and sits on the board of the henry clay center for statesmanship. the way to a solution, he says, is for both sides to have a voice. >> both have taken the -- attitude that it is my way or the highway. and americans recognize that that's just not t
CNBC
Nov 29, 2012 9:00am EST
including that one. >> mr. speaker, before the election you were asked whether if obama won, taxes would have to go up. you've made it sound like you would oppose that. now you've -- you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what -- what message do you have for people who look at the negotiating position and see that it's -- or believe that it's inevitable that you'll have to accept some compromise like the actual rates? >> revenue is on the table. but revenue was only on the table if there were serious spending cuts as part of this agreement. it has to be part of the agreement. we have a debt crisis. we're spending too much. and while we're willing to put revenue on the table, we have to recognize, it's the spending that's out of control. >> mr. speaker, roughly what size spending cuts do you think it would take to reach a deal on the fiscal cliff, and do you think that at least the promise of sp
CNBC
Nov 29, 2012 6:00am EST
. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch. it's their first meeting since the election. and this his victory speech, obama promised to engage with romney and consider his ideas. >> a lot of people didn't think the lunch would ever happen. >> interesting if he's going to be talking about ideas, mitt romney's idea had been to reach some sort of a cap on it 00 mem deductions. >> he would have just extended the bush tax cuts and then the other stuff would have been -- but if romney had been elected, whether bad long term to extend them, that's one thing, but he would have extended -- this is a weird argument to be having to have everything hinging on on the 2% that are -- suddenly as i've said before, suddenly everybody loves the bush tax cuts. so weird. >> flips the tables on who likes what. >> it all goes back to the line in the band. obama first time around caved and his base never for gave him for extending the bush tax cuts when he said he wouldn't. >> maybe the republicans should be reconside
CNBC
Nov 30, 2012 3:00pm EST
whatever package gets done into the obama growth plan or the obama deficit reduction plan and own it and embrace it, and he's not doing that. it is very typical of his leadership. >> the president feels that's why he was re-elected, because this is exactly what he's been running on, this program that he's now proposing here. >> as maria pointed out earlier, he was at $800 billion in revenue. we could with get to a deal quickly. >> why are we so focused on taxes and revenue? let's focus on spending cuts. what's your take on where to cut? seth, moments ago you said, you know, you can't put a knife to some of these entitlement programs. so what are we trying to do here? are we trying to get our arms around the debt and deficits? are we trying to create jobs? what's the goal of this whole charade? >> both. i wouldn't call it a charade. in the near-term, we're trying to keep this recovery going. that's why the payroll tax holiday extension is so needed and the small amount of new investments and unemployment insurance in the president's offer. that has to be balanced, of course, in the
CNBC
Dec 3, 2012 6:00am EST
've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of what i did and what my colleagues did over the last several months and we need congressional hearings that will set the stage for tax reforms, social security reform and the president needs to negotiate privately and have discussions with congressional leaders of both parties privately. those three things can get us to the promt promise land. and without all three of those, we're in trouble. >> but, david, that is exactly what was supposed to happen between july of 2011 and today. and guess what? none of it has happened. none of it. we're having the same conversation. >> you know what? >> only the president can lead. only the president can lead. >> he has the pen. he has joe's pen. >> mine is a viagra pen. wouldn't that be embarrassing if he held that up and said i have a
CNBC
Dec 5, 2012 6:00am EST
and joe said. as republicans hold firm, as i think they should. we just had an election a month ago that was basically about the size of government and how to pay for it and barack obama -- >> not necessarily, it's debatable. >> the worst performance by an incumbent seeking -- >> but he won -- >> well, i am against -- >> anything other than -- >> gifts -- >> not gifts, necessarily, but cobbled together a coalition -- >> but that's what elected officials are supposed to do. just remind everybody very quickly, liberals would be quick to point out that nationally democrats in the house got about 600,000 more votes. >> so your point is that he was able to get more than 50% of the people to vote for tax increases on somebody else? that's quite a sales job. >> the point about polling. >> that's a great sales -- so -- >> overwhelming of people want to tax the rich. it's a bad policy and it's dumb and shouldn't be done. >> it's not hard to get 50% to agree to that. >> of course not. >> tax 2% and give me what you get. >> i agree, but it still polls very well. >> to steve's point. what you'r
Search Results 0 to 16 of about 17 (some duplicates have been removed)